TODAY.AZ / Business

Azerbaijan Microfinance Bank's current loan portfolio beats $50mln

16 February 2007 [08:35] - TODAY.AZ
Azerbaijan Microfinance Bank's current loan portfolio has beaten $50mln, said General Manager Andrew Pospilovski.

He said the bank has to date lent over 20,000 loans. "We expect the portfolio will grow more this year, it rose to $47,000 from $17,009 last year. Bank lent loans of $65mln during the last one year," he added.

The Microfinance Bank is cooperating with 18,000 small and medium-size enterprises in Azerbaijan, APA reports.

URL: http://www.today.az/news/business/36546.html

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